Category: Insights

Social Security Fairness Act: Millions to See Benefit Boost
June 4, 2025 Off

Social Security Fairness Act: Millions to See Benefit Boost

By The Admiral Staff

The Social Security Fairness Act, recently signed into law, addresses reductions in Social Security benefits for individuals who worked in both public and private sectors and receive pensions from public jobs. Previously, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced benefits for these individuals. The new law eliminates these provisions, ensuring that civil servants who also worked in the private sector receive the same Social Security benefits as those who only worked in the private sector, with increases averaging $350

Second Chances & Social Security: How Remarriage Can Boost Your Benefits
May 13, 2025 Off

Second Chances & Social Security: How Remarriage Can Boost Your Benefits

By The Admiral Staff

If you remarry after age 60 (or 50 if disabled) and were married to your deceased spouse for at least 10 years, you may be able to continue receiving survivor benefits from their Social Security account while also receiving spousal benefits from your new spouse’s account. The total benefits received would equal the higher of the two amounts, and you can switch to your own retirement benefits between ages 62 and 70 if they are higher.

7 Lessons the 2020 Crash Still Teaches Us
May 13, 2025 Off

7 Lessons the 2020 Crash Still Teaches Us

By The Admiral Staff

Five years after the 2020 stock market crash, the article highlights seven key lessons. Firstly, the stock market doesn’t always reflect the broader economy, as it recovered quickly despite high unemployment and struggling small businesses. Secondly, investors don’t lose money until they sell during a crash; staying invested can lead to significant gains. Thirdly, missing the best market days can be more detrimental than experiencing a few bad ones. The article also notes a market crash can offer investment opportunities, but

Avoid the IRS Hold: Your Guide to Online Tax Help
March 18, 2025 Off

Avoid the IRS Hold: Your Guide to Online Tax Help

By The Admiral Staff

The IRS is advising taxpayers to avoid calling them during the two weeks following Presidents Day weekend due to exceptionally long wait times. Instead, the IRS encourages utilizing online tools like the Interactive Tax Assistant, Get Refund Status, Taxpayer Assistance Locator, and the Free File portal. If a call is necessary, be prepared for a potentially lengthy hold, and note that Mondays and Tuesdays, and periods near the tax deadline, typically have the longest wait times.

7 Lessons the 2020 Crash Still Teaches Us
March 17, 2025 Off

7 Lessons the 2020 Crash Still Teaches Us

By The Admiral Staff

Five years after the 2020 stock market crash, the article highlights seven key lessons. Firstly, the stock market doesn’t always reflect the broader economy, as it recovered quickly despite high unemployment and struggling small businesses. Secondly, investors don’t lose money until they sell during a crash; staying invested can lead to significant gains. Thirdly, missing the best market days can be more detrimental than experiencing a few bad ones. The article also notes a market crash can offer investment opportunities, but